Abrdn Property Income Trust agrees merger with Custodian Property Income
19th Jan 2024 10:47
(Sharecast News) - Abrdn Property Income Trust (API) announced a recommended all-share merger agreement with Custodian Property Income REIT (CREI) on Friday.
Read moreAPI Group non-executive chairman to step down next month
18th Sep 2014 08:50
Foil and laminated products manufacturer API Group has announced its non-executive chairman, Richard Wright, will step down from the board from 31 October. Wright, who has served as member of the board since 2001 and has almost completed his ninth year as chairman of the group, will be replaced by c
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreAPI has stronger H2 and re-introduces dividend
4th Jun 2014 09:04
Specialist foil and packaging maker API reported stronger second-half trading and re-introduced a dividend despite lower annual profits. API said second-half profits rose by 15% on the previous six months as progress in its European foil business and reduced losses in its holographics division more
Read moreTuesday broker round-up UPDATE
8th Apr 2014 09:18
API Group: Numis lowers target price from 90p to 84p, while upgrading from add to buy. Cranswick: Investec increases target price from 1315p to 1390p retaining its buy recommendation. Daisy Group: FinnCap moves target price from 175p to 185p and retains a hold recommendation. DP World: Nomura rai
Read moreAPI sees FY profits at low end of hopes after weak H1
7th Apr 2014 08:03
Foil and packaging material maker API Group predicted results at the low end of hopes after a better end to the year failed to make up for a tough first half. API, which makes laminated board and paper, decorative foils, security holographics and coding foils, said overall trading in the six months
Read moreFriday broker round-up UPDATE
4th Oct 2013 09:32
Aberdeen Asset Management: JP Morgan lowers target price from 523p to 509p maintaining an overweight rating. Admiral Group: Canaccord Genuity cuts target price from 1200p to 1160p retaining its sell recommendation. API Group: Numis downgrades to add with a target price of 85p. Arbuthnot Banking G
Read moreAPI Group maintains guidance despite weak first half
4th Oct 2013 07:54
API Group said that trading in the first half has been weaker than expected due to very strong comparatives with last year, but it still expects to report progress over the full year. The oil and packaging group listed on AIM said the guidance given at its annual general meeting in July remains unc
Read moreHalifax chief Nicholson sells 350,000 Lloyds shares
3rd Sep 2013 14:49
The head of Lloyds Banking Group's Halifax arm has sold more than 2.5m pounds of Lloyds shares as the state-backed bank prepares for reprivatisation. David Nicholson disposed of 350,000 shares at 73.34p each on September 2nd for £2.57m. When Nicholson sold his shares, they had gained 120% in the
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreAPI Group's annual profits rise by 35 per cent
5th Jun 2013 07:56
API Group's annual profits grew by 35 per cent as the company kept a tight rein on costs and improved operational efficiencies. The manufacturer and distributor of holograms, foils, leaf, film and laminates for security and authentication posted a pre-tax profit of £6.8m for the year to March 31st
Read moreAPI Group ends sale process and warns on full year results
13th Feb 2013 08:29
Shares in API Group tumbled on Wednesday after the company reported that its full year results are likely to be marginally below previous management expectations, which came as a double blow as the group announced has opted not to go ahead with the anticipated sale of the company. The drop in full
Read moreWednesday broker round-up UPDATE
13th Feb 2013 07:47
API Group: Numis shifts target price from 70p to 67p downgrading to hold. Barclays: Morgan Stanley raises target price from 386p to 400p keeping an overweight rating. Credit Suisse increases target price from 250p to 290p, while leaving its neutral rating unchanged. JP Morgan ups target price from
Read moreAPI admits indicative sale offers have been below mid-market price
25th Jan 2013 08:13
Specialist packaging company API Group has issued a trading update relating to its formal sale process, addressing recent share price movement. The company said that interested parties had been provided with access to management and due diligence information about API, but it acknowledged that to d
Read moreAPI Group back in positive territory as profits rise on stable revenue
29th Nov 2012 14:17
Specialist foils and packaging materials maker API Group has posted a 29 per cent increase in pre-tax profit (PTP), driven by operating profits in the six months ended Sptember 30th. PTP totalled £3.7m (2011: £2.9m), while operating profits came in at £4.6m (2011: £3.8m). Revenue proved to be le
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